1[OA] Signature Assignment: Proposal Paper 100%1Content: Appropriately evaluated market structure and elasticity for the product (15%)
Does Not Meet Expectations
Approaches Expectations
Meets Expectations
Exceeds Expectations
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Since you identified your service as monopolistic competition, it would have been helpful to define monopolistic competition rather than monopoly. Also, you explained price elasticity however relating it to market structure and giving justification based on factors of demand (substitutes, etc.) would have been helpful.
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2Content: Created a pricing strategy based on market factors (15%)
Does Not Meet Expectations
Approaches Expectations
Meets Expectations
Exceeds Expectations
Top of Form
Feedback
I was a it unclear on your pricing strategy. In the section on elasticity you mention reducing price initially to increase demand however in the pricing strategy section, you say you will use non-pricing strategies.
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